The Palace is deeply alarmed by the current predicament faced by the pre-need industry.The Palace is taking a pro-active stance and will seriously study and consider the assistance that can be extended to the plan holders who stand to lose their hard-earned money.
We will determine who and what caused this problem.
The Palace will convene with its economic managers and will review the recommendations of the Securities and Exchange Commission (SEC); and then ascertain whether any irregularity has been committed.
Source: Office of the President
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